FoFFoF DomesticRegularGrowthVery High

Union Diversified Equity All Cap Active FOF

Q: What is the NAV of Union Diversified Equity All Cap Active FOF?

As of 05 Oct 2026, the NAV of Union Diversified Equity All Cap Active FOF is ₹10.44 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Diversified Equity All Cap Active FOF delivered?

Union Diversified Equity All Cap Active FOF has returned +6.48% over 1 year and +5.60% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Union Diversified Equity All Cap Active FOF?

Union Diversified Equity All Cap Active FOF charges an expense ratio of 1.46% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Union Diversified Equity All Cap Active FOF?

Union Diversified Equity All Cap Active FOF's largest holdings are Union Multicap Fund - Direct Plan - Grow (55.7%), Union Small Cap Fund - Growth (16.5%), Union Midcap Fund - Direct Plan - Growth (12.1%), Union Large & Midcap Fund - Direct Plan (9.7%) and Union Largecap Fund - Direct Plan (4.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Diversified Equity All Cap Active FOF?

Union Diversified Equity All Cap Active FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.1% and its worst peak-to-trough fall in our sample was -12.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Union Diversified Equity All Cap Active FOF?

Union Diversified Equity All Cap Active FOF is managed by Gaurav Chopra and Pratik Dharmshi at Union.

Q: How is Union Diversified Equity All Cap Active FOF taxed?

Union Diversified Equity All Cap Active FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

Union Mutual Fund · Best Domestic Fund of Funds

NAV

₹10.44

+0.38% 1D

as of 05 Oct 2026

This is the Regular plan of Union Diversified Equity All Cap Active FOF — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+5.85%absolute

52-week rangePrev NAV ₹10.40

Latest ₹10.44

Low ₹8.8472nd percentile of its 52-week rangeHigh ₹11.07

Scorecard

★★★☆☆3/5 vs 115 of 152 FoF Domestic peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within FoF Domestic (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 115 of the 152 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough FoF Domestic peers to rank yet

RiskLow

Volatility 15.1% vs 17.4% category avg

CostHigh

1.5% expense vs 0.7% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its FoF Domestic peers (15.1% vs 17.4%)

Concerns

1-year return (+6.48%) trails the FoF Domestic average (+11.44%)
High expense ratio (1.46%) vs the FoF Domestic average of 0.69%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.46%

Category 0.69%▲0.77%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.65

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

24 Sep 2025

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.50%

Absolute return over the last 3 months (not annualized)

-0.56%

Absolute return over the last 6 months (not annualized)

+15.84%

Absolute return since 1 Jan of this year (not annualized)

+5.17%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.48%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.60%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.05%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-12.41%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-4.50%	-3.40%	-1.10%
3M abs	-0.56%	-1.46%	+0.90%
6M abs	+15.84%	+4.66%	+11.18%
1Y CAGR	+6.48%	+11.44%	-4.96%
3Y CAGR	—	+19.25%	—
5Y CAGR	—	+12.58%	—

Category average across peers in FoF Domestic (151 of 152 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 152 peers in FoF Domestic

1Y return

+6.48%

Beats 64% · rank #42

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.24L

Absolute

+3.51%

XIRR

+7.73%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Union Diversified Equity All Cap Active FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	+5.17%	-7.18%	+12.35%
2025part	+0.58%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

252

Expense ratio

1.46%

AUM

₹185.59Cr

Exit load

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · FoF Domestic

Compare all


Union Diversified Equity All Cap Active FOFThis fund Union · Regular · Growth	★★★☆☆ 1Y	+6.48%	—	—	—	1.46%	₹185.59Cr
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+45.76%	+58.41%	+35.98%	—	0.41%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+47.60%	+45.91%	+29.33%	—	0.42%	—
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+50.74%	+45.30%	—	—	0.65%	₹1,209Cr
Nippon India Silver ETF FOF Nippon India · Regular · Growth	★★★★★	+49.37%	+45.20%	—	—	0.49%	₹4,544Cr
HDFC Silver ETF Fund of Fund HDFC · Regular · Growth	★★★★☆	+49.73%	+44.95%	—	—	0.55%	₹4,593Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other98.48%
Cash & Equivalents1.52%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-12.4%03 Nov 2025 → 23 Mar 2026
Fell over 5 months, back to the old high on 06 May 2026 — 44 days under water after the low.
-6.1%31 Aug 2026 → 01 Oct 2026
Still below that high — 31 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.

Launched

29 Dec 2009

Total AUM

₹28,552Cr+1.6% QoQ

Avg AUM · July - September 2026

Website

unionmf.com

Fund Managers

GCGaurav ChopraStart date not disclosed

Role

Co - Fund Manager

Education

B.Com, Chartered Accountant and CFA (USA) – Level III Appointed cleared

Experience

Over 10 years of experience in the equity markets. Appointed as Co-Fund Manager with effect from January 25, 2023. June 2020 – January 24, 2023 with Union Asset Management Company Pvt. Ltd as Research Analyst - Equity. November 2015 to May 2020 with Centrum Portfolio Union Management Services Centrum Broking Limited as Research Analyst. March 2015 to October 2015 with Barclays Wealth Trustees (India) Private Limited as Trust Analysts. September 2011 to September 2014 with Sharp & Tanan Associates as Audit Assurance Assistant.

Funds managed (8)

All schemes Gaurav Chopra runs →

PDPratik DharmshiStart date not disclosed

Education

Chartered Accountant, B. Com

Experience

Industry experience: Over 14 years of experience in the field Union of Equity Research and Fund Management. Appointed as Fund Manager - Equity at Union Asset Management Company Private Limited with effect from December 06, 2024. March 2023 to December 2024 with UTI Pension Fund Limited as Equity Fund Manager. August 2022 to March 2023 with Safe Enterprises as Equity Analyst. April 2022 to August 2022 with Girik Capital as Equity Analyst. August 2017 to April 2019 with Edelweiss Asset Management Company Limited as Equity Analyst and from April 2019 to February 2022 with Edelweiss Asset Management Company Limited as Equity Fund Manager. December 2013 to August 2017 with JP Morgan Private Limited as Equity Analyst. January 2011 to December 2013 with Crisil Limited as Equity Analyst. April 2010 to August 2010 with Morgan Stanley Advantage Private Limited as Equity Analyst.

Funds managed (7)

All schemes Pratik Dharmshi runs →

We don't hold this scheme's own Scheme Information Document. The managers shown are those named on it in this fund house's filings for its other schemes, so the list may be incomplete. Total AUM via AMFI.

Explore from here

Fund managers

Gaurav Chopra Pratik Dharmshi

Union in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

Frequently asked questions

What is the NAV of Union Diversified Equity All Cap Active FOF?

As of 05 Oct 2026, the NAV of Union Diversified Equity All Cap Active FOF is ₹10.44 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Diversified Equity All Cap Active FOF delivered?

Union Diversified Equity All Cap Active FOF has returned +6.48% over 1 year and +5.60% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Union Diversified Equity All Cap Active FOF?

Union Diversified Equity All Cap Active FOF charges an expense ratio of 1.46% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Union Diversified Equity All Cap Active FOF?

Union Diversified Equity All Cap Active FOF's largest holdings are Union Multicap Fund - Direct Plan - Grow (55.7%), Union Small Cap Fund - Growth (16.5%), Union Midcap Fund - Direct Plan - Growth (12.1%), Union Large & Midcap Fund - Direct Plan (9.7%) and Union Largecap Fund - Direct Plan (4.5%). Holdings are disclosed monthly and change over time.

How risky is Union Diversified Equity All Cap Active FOF?

Union Diversified Equity All Cap Active FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.1% and its worst peak-to-trough fall in our sample was -12.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Union Diversified Equity All Cap Active FOF?

Union Diversified Equity All Cap Active FOF is managed by Gaurav Chopra and Pratik Dharmshi at Union.

How is Union Diversified Equity All Cap Active FOF taxed?

Union Diversified Equity All Cap Active FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.